https://www.taxtmi.com/caselaws?id=438466 The Tribunal upheld the order passed u/s. 263 of the Income-tax Act, 1961, dismissing the grounds raised by the assessee. The appeal was ultimately dismissed due to the lack of appearance and submissions from the assessee, emphasizing the importance of active participation in legal proceedings. The Principal Commissioner of Income-tax identified deficiencies in the assessment order related to the sale of shares and long term capital gains, leading to the setting aside of the assessment order for further examination. en-us Mon, 29 May 2023 00:00:00 +0530 Thu, 01 Jun 2023 08:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438466 The Tribunal upheld the order passed u/s. 263 of the Income-tax Act, 1961, dismissing the grounds raised by the assessee. The appeal was ultimately dismissed due to the lack of appearance and submissions from the assessee, emphasizing the importance of active participation in legal proceedings. The Principal Commissioner of Income-tax identified deficiencies in the assessment order related to the sale of shares and long term capital gains, leading to the setting aside of the assessment order for further examination. Case-Laws Income Tax Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438466